gift of down payment

[john perkins]

Arizona:

Dear sirs:
My friend recently put the downpayment down on a new house she and her boyfriend were buying. At the bank she went to write the check and the agent helping them said "Oh, if you are making the downpayment, and not your boyfriend who the title is going to have on it as the owner, then I must have you sign a gift letter". She proceeded to do so thinking that this would be proof that she made the downpayment, and that the letter was for her protection. The reason it was in his name was because his credit was better. Now they are splitting up and she rented a house while they were waiting to have the house sold. He decided he is going to keep the house and says he doesn't owe her a thing. What can she do?
Thanks for your time?

 

[angiesmom]

If the house is in his name, there isn't really anything she can do.

 

[PghREA]

Nothing.

The gift letter that she signed for the mortgage company is just that. It states that the amount is a gift and does not require the donnee to pay it back.

 

[Indiana Filer]

Arizona:

Dear sirs:
My friend recently put the downpayment down on a new house she and her boyfriend were buying. At the bank she went to write the check and the agent helping them said "Oh, if you are making the downpayment, and not your boyfriend who the title is going to have on it as the owner, then I must have you sign a gift letter". She proceeded to do so thinking that this would be proof that she made the downpayment, and that the letter was for her protection.

Did she not read the letter before she signed it? In the future, she needs to read everything before she signs it.